Allowed

State Bank of India v. Mr. Dandu Prasad

DRT26 Dec 2025OA/261/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed a bank's original application. Held that the defendant is liable to pay the claimed loan amount with interest and costs, securing the claim through mortgage and recovery certificate issuance.

What did the court decide?

Defendant ordered to pay principal sums, future interest, and costs; bank entitled to proceed against secured mortgage property and defendant's other assets; Recovery Certificate issued.

State Bank of India versus Mr. Dandu Prasad — Civil Procedure and Limitation | DRT (2025)

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IN THE DEBTS RECOVERY TRTBUNAL-II AT HYDERABAD DATED THIS THE 26TH DAY OF DECEMBER, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), IVI.A, PRESIDING OFFICER

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ORIGINAL APPLICATION No: 261 OF 2025

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State Bank of India., SARB Branch, Vijayawada Krishna District. Rep. by its Chief Manager.

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.....Applica nt.

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Versus

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lYr. Dandu Prasad, S/o. 14r. Kullayappa D.No.4-125, Sivalayam Road, Chinmaya Nagar, Ananthapuram District - 515002.

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... Defendant

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: Mr. A. M. Kiran Kumar Counsel for the Applicant Defendant : Ex-parteEx-parte

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: Ex-parteEx-parte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.26,34,037.82ps i.e., a sum of Rs.15,05,945.50ps towards Home Loan No.62505943576 with future interest @8.90%^p.a., a sum of Rs.16,925.49ps towards Suraksha Insurance No.62505944536 with future interest @8.90olo p.a. and a sum of Rs.11,11,166.83ps towards Agri Loan No.38325131581 with future interest @10.65yo p.a. from the defendant with monthly rests from the date of application till the date of realization alonq with costs and in default for sale of oA schedute property. AU.-

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2 oA.NO.261l202s

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Summon served on sole defendant and was set ex-parte on 72.06.2025 as called absent and no representation.

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The Applicant Bank examlned L. Amarnadh, f4anager, as AW-1 and marked 16 documents through him as Ex.A.1 to Ex.A.16.

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Ld. Counsel for the Applicant Bank stated orders may be passed on merits. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA schedule property?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.16 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.261l2025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a total sum of Rs.26,34,037.82ps i.e., a sum of Rs.15,05,945.50ps towards Home Loan No.62505943576, a sum of Rs.16,925.49ps towards Suraksha Insurance No.62505944535 and a sum of Qtv

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oA.NO.261l2025

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Rs.11,11,166.83ps towards Agri Loan No.38325131581; with future interest @8.90olo^p.a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of mortgage of property described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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9, Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 26rh Day of December, 2025).

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/X /19,*te /' ,/ La-^' t_/. (RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. Mr. Dandu Prasad

Case brief

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State Bank of India v. Mr. Dandu Prasad

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